The US trade deficit widened to a fresh record high of $80.9 billion in September of 2021, slightly higher than market forecasts of $80.5 billion, amid fall in exports while imports jumped to an all-time high. September exports were $207.6 billion, down by 3% from August, mainly due to nonmonetary gold, crude oil, other petroleum products, semiconductors, civilian aircraft engines and computer accessories while sales of consumer goods increased, namely pharmaceutical preparations. Imports meanwhile edged up 0.6% to a record $288.5 billion, mainly due to computers, electric apparatus, industrial supplies and materials, organic chemicals and cell phones and other household goods. The deficit with China increased $3.4 billion to $31.5 billion and the gap with Mexico widened by $2.3 billion to $8.8 billion. source: Bureau of Economic Analysis (BEA)

Balance of Trade in the United States averaged -16121.70 USD Million from 1950 until 2021, reaching an all time high of 1946 USD Million in June of 1975 and a record low of -80934 USD Million in September of 2021. This page provides the latest reported value for - United States Balance of Trade - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. United States Balance of Trade - data, historical chart, forecasts and calendar of releases - was last updated on November of 2021.

Balance of Trade in the United States is expected to be -82000.00 USD Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the United States Balance of Trade is projected to trend around -56000.00 USD Million in 2022 and -55000.00 USD Million in 2023, according to our econometric models.

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United States Balance of Trade


Calendar GMT Actual Previous Consensus TEForecast
2021-10-05 12:30 PM Aug $-73.3B $-70.3B $-70.5B $-70.8B
2021-11-04 12:30 PM Sep $-80.9B $-72.8B $-80.5B $ -75B
2021-12-07 01:30 PM Oct $-80.9B $-66.8B $-62B


Related Last Previous Unit Reference
Balance of Trade -80934.00 -72813.00 USD Million Sep/21
Current Account -190282.00 -189424.00 USD Million Jun/21
Exports 207558.00 214004.00 USD Million Sep/21
Imports 288492.00 286816.00 USD Million Sep/21
Goods Trade Balance -82890.00 -97030.00 USD Million Oct/21

News Stream
US Trade Gap at Fresh Record
The US trade deficit widened to a fresh record high of $80.9 billion in September of 2021, slightly higher than market forecasts of $80.5 billion, amid fall in exports while imports jumped to an all-time high. September exports were $207.6 billion, down by 3% from August, mainly due to nonmonetary gold, crude oil, other petroleum products, semiconductors, civilian aircraft engines and computer accessories while sales of consumer goods increased, namely pharmaceutical preparations. Imports meanwhile edged up 0.6% to a record $288.5 billion, mainly due to computers, electric apparatus, industrial supplies and materials, organic chemicals and cell phones and other household goods. The deficit with China increased $3.4 billion to $31.5 billion and the gap with Mexico widened by $2.3 billion to $8.8 billion.
2021-11-04
US Trade Gap Hits Fresh Record High
The trade deficit in the US widened to a record high of $73.3 billion in August of 2021, higher than market forecasts of $70.5 billion. Exports edged up 0.5% to $213.7 billion, the highest since May of 2019, boosted by sales of nonmonetary gold and natural gas while shipments fell for autos and parts, civilian aircrafts, corn and travel. Imports were up 1.4% to a new all-time high of $287 billion, namely pharmaceutical preparations, toys, games, organic chemicals, transport and travel. The deficit with China increased $3.1 billion to $28.1 billion. The deficit with Canada increased $1.4 billion to $5.1 billion while the deficit with Mexico decreased $1.9 billion to $6.6 billion.
2021-10-05
US Trade Gap Below Forecasts
The US trade deficit narrowed to $70 billion in July of 2021, slightly below market forecasts of a $71 billion gap, mainly due to a drop in the goods deficit to $87.7 billion and a decrease in the services surplus to $17.7 billion. Exports were up 1.3% mom to $212.9 billion, the highest since May of 2019, led by sales of capital goods, gem diamonds, autos and parts, trucks, buses, and special purpose vehicles, other business services and charges for intellectual property products. Imports edged down 0.2% mom to $282.9 billion, after touching a record high of $283.3 billion in June, led by falls in purchases of toys, games, and sporting goods, cell phones, nonmonetary gold and lumber. The deficit with China decreased $2.0 billion to $25 billion in July and the gap with Canada fell $1.9 billion to $3.6 billion while the shortfall with Mexico widened by $1.3 billion to $8.5 billion.
2021-09-02

United States Balance of Trade
The United States has been running consistent trade deficits since 1976 due to high imports of oil and consumer products. In 2018, the biggest trade deficits were recorded with China, Mexico, Germany, Japan, Ireland, Vietnam and Italy and the biggest trade surpluses with Hong Kong, Netherlands, Australia, United Arab Emirates, Belgium, Brazil and Panama. China is the top trading partner, accounting for 16 percent of total trade, followed by Canada (15 percent) and Mexico (15 percent).